L&T Finance Collection Associate Salaries by 4 Employees

3 - 11 years exp.

₹1.9 Lakh - ₹4.8 Lakhs

Low Confidence

Salary of majority employees

12% less than the average Collection Associate Salary in NBFC Companies for 3 - 11 years of experience

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Salaries in different departments

Customer Success, Service & Operations Collection Associate Salary 4 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr
Finance & Accounting Collection Associate Salary 11 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.3 L/yr
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Sales & Business Development Collection Associate Salary 5 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2 L/yr
Construction & Site Engineering Collection Associate Salary 3 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr

Last Updated: 30 Nov 2024

Companies similar to L&T Finance for Collection Associate

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Collection Associate Salary 0 - 7 years exp. (13 salaries)	₹2.2 L/yr - ₹3.5 L/yr 4% less
IIFL Finance Collection Associate Salary 4 - 16 years exp. (4 salaries)	₹2.5 L/yr - ₹3.9 L/yr 20% more
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PNB Housing Finance Collection Associate Salary 4 - 10 years exp. (4 salaries)	₹3 L/yr - ₹3.4 L/yr 18% more
Spandana Sphoorty Financial Collection Associate Salary 1 - 4 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 4% less
TVS Credit Collection Associate Salary 2 - 5 years exp. (4 salaries)	₹1.2 L/yr - ₹3.2 L/yr 31% less
Shriram Finance Collection Associate Salary 4 - 6 years exp. (4 salaries)	₹2 L/yr - ₹4.1 L/yr 17% more
Mahindra Rural Housing Finance Collection Associate Salary 2 - 7 years exp. (3 salaries)	₹1.6 L/yr - ₹2.4 L/yr 25% less

Collection Associate salary at L&T Finance ranges between ₹1.9 Lakh to ₹4.8 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of L&T Finance.

Experience wise L&T Finance Collection Associate salaries

Last Updated: 30 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
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5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr
11 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr

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Salary related reviews for L&T Finance

Branch Manager in Madhubani

Full Time

Finance & Accounting Department

2.0

• posted on 01 Dec 2024

4.0

for Salary and Benefits

Likes

Salary credit on time in any condition

Salary - Good

+1 more

Dislikes

Leave Policy.if the senior wishes,he will make him work for 30 days in a month's.There is no Hr Policy.secondly even if you are eligible for prmotion,if your senior does not wants it then will not get promotion,and if your senior wants it but is not eligible then he will also get promotion.There is no Hr Policy at all.

Job security - Bad

+4 more

Branch Manager in Kochi

Full Time

Other Department

1.0

• posted on 01 Jul 2024

1.0

for Salary and Benefits

Likes

Nothing here to be liked

Dislikes

...ated people to save their job. If you complaints, you will be their next target. Mandatory yearly bonus is a part of your salary. Actually its not given. Always cutting your incentives.

Salary - Bad

+6 more

Branch Manager in Kusheshwar Asthan

Full Time

Sales & Business Development Department

4.0

• posted on 06 Aug 2024

4.0

for Salary and Benefits

Likes

When I was working in L&T finance I was feeling very good, I got promotion and salary benefits

Salary - Good

+1 more

Dislikes

I am telling you what happened to me, low level bosses make us work as per their wish, why is it not wrong, on small matters they tell us to resign.

Job security - Poor

+1 more

Collection Officer in Jabalpur

Full Time

Finance & Accounting Department

4.0

• posted on 05 Mar 2023

1.0

for Salary and Benefits

Likes

L and me Collection officer ki job me salary bhut kam hai traget pura karne k baad bhi incentive nahi aata loan dena bhi band kar diya

Skill development - Excellent

+4 more

Dislikes

Work theek salary bhut jyda kam h jesa naam hai wesi bilkul nahi hai

Salary - Bad

+1 more

Collection Officer in Kolkata

Full Time

Finance & Accounting Department

5.0

• posted on 02 Dec 2021

3.0

for Salary and Benefits

Likes

Very bad work environment.Teammates are supportive but management are not support any time.company appraisal is very very bad.no good salary & no bonus..

Skill development - Excellent

+1 more

Dislikes

Career growth is very slow..actually lot of politics..no increments &no salary increase

Job security - Bad

+2 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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L&T Finance Collection Associate Salary FAQs

What is the salary of Collection Associate at L&T Finance ?

The average salary of a Collection Associate at L&T Finance in India typically ranges from ₹1.9 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Collection Associate at L&T Finance earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Collection Associate Salaries at L&T Finance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 L&T Finance employees in India.

What is the estimated take home salary of a Collection Associate at L&T Finance in India?

The estimated take-home salary of a Collection Associate at L&T Finance in India typically ranges from ₹19,590 to ₹21,260 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 3 years to 11 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of L&T Finance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than L&T Finance for Collection Associate in India?

IIFL Finance	₹2.5 Lakhs to ₹3.9 Lakhs per year
PNB Housing Finance	₹3.0 Lakhs to ₹3.4 Lakhs per year
Shriram Finance	₹2.0 Lakhs to ₹4.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by L&T Finance, depending on the role and experience level.

What is the salary of a Collection Associate in companies similar to L&T Finance in India?

The salary of a Collection Associate at companies similar to L&T Finance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Spandana Sphoorty Financial	₹2.1 Lakhs to ₹3.5 Lakhs per year
Mahindra Finance	₹2.2 Lakhs to ₹3.5 Lakhs per year
Mahindra Rural Housing Finance	₹1.6 Lakhs to ₹2.4 Lakhs per year
TVS Credit	₹1.2 Lakhs to ₹3.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Collection Associate at L&T Finance in India?

The salary growth for a Collection Associate at L&T Finance depends on factors such as experience, performance, and promotions. On average, a Collection Associate can expect the following growth trajectory at L&T Finance:

Experience	Average Salary Range
3 years	₹1.9 Lakhs to ₹2.5 Lakhs per year
4 years	₹2.0 Lakhs to ₹2.6 Lakhs per year
5 years	₹1.7 Lakhs to ₹2.1 Lakhs per year
11 years	₹4.3 Lakhs to ₹5.5 Lakhs per year

and so on.

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L&T Finance Collection Associate Salaries

L&T Finance Collection Associate salary in India ranges between ₹1.9 Lakh to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 L&T Finance latest salaries received from various employees of L&T Finance.